Last checked at 21 Jul 2015 07:00
For immediate release | 21 July 2015 |
SCIENCE IN SPORT PLC
("SiS" or the "Company")
Half Year Trading Update
Science in Sport plc (AIM: SIS), a leading sports nutrition company, is pleased to announce the following pre-close trading update ahead of its financial results for the six months ended 30 June 2015.
The Board is pleased to report another successful trading period during which sales continued to grow strongly.
Sales increased 19% to £5.24 million in the six months to 30 June 2015 compared with the same period the previous year (pro forma H1 2014 £4.42 million). Sales growth was particularly strong in e-commerce, both from third-party e-tailers and from the Company's own website, and in international markets.
As highlighted in the Company's preliminary results issued in March 2015, it is expected that year on year sales growth will be weighted towards the second half of the financial year.
The Board remains confident of the outlook for the full year and beyond.
SiS intends to issue its half year results on Thursday 24 September 2015.
For further information:
Science in Sport PLC | +44 (0) 20 7400 3700 |
Stephen Moon, CEO | |
Vivienne Sparks, Finance Director Cenkos Securities |
+44 (0) 20 7397 8900 |
Bobbie Hilliam - NOMAD and Broker | |
Buchanan | +44 (0) 20 7466 5000 |
Mark Court / Sophie McNulty / Sophie Cowles | |
sis@buchanan.uk.com |
Notes for editors
About Science in Sport plc
Science in Sport plc is a leading sports nutrition company that develops, manufactures and markets sports nutrition products for professional athletes and sports enthusiasts. SiS is a strong brand in the elite athlete community.
The SiS core product ranges include: SiS GO, comprising energy powders, isotonic gels, energy bars and hydration tablets; SiS REGO, including protein-based recovery powders and bars; and SiS Protein, a whey protein range for lean muscle development. SiS products are sold in a range of retail channels, including specialist sport retailers, major grocers, high street retailers and e-commerce websites.
SiS is currently the official sports nutrition supplier to professional cycling teams Team Wiggins, JLT Condor, Madison Genesis, Team Katusha and Trek Factory Racing. SiS is also the official supplier of sports drinks and sports nutrition to the GB Rowing Team. In addition, Olympians Sir Chris Hoy MBE, Mark Cavendish MBE and Helen Jenkins are Elite Sports Consultants and brand ambassadors.
SiS was founded in 1992 and is headquartered in Hatton Garden, London. Its manufacturing facility is in Nelson, Lancashire.
SiS shares are traded on the AIM market of the London Stock Exchange under the ticker symbol SIS.
For further information, please visit www.scienceinsport.com